The war on inflation isn't over yet, despite what some people think — via financialpost
Base effects that have been working to reduce inflation could also turn against it. For example, WTI oil prices last July were more than US$100 per barrel, but fell to US$93 in August and then US$84 in September. If oil prices are higher than those levels in the months to come, something that is quite possible, where will the large drops in inflation come from?
Overall, we believe that should inflation remain persistent, institutional investors will have no choice but to once again rotate out of the high-flying, interest-rate-sensitive segments of the market, such as the Nasdaq and megacap technology companies, and back into energy and commodities. We like the Capped Energy index because 66 per cent of it is in four excellent companies, Canadian Natural Resources Ltd., Suncor Energy Inc., Cenovus Energy Inc. and Tourmaline Oil Corp. For some higher torque, we also own some mid-cap intermediates such as Tamarack Valley Energy Ltd., MEG Energy Corp., Whitecap Resources Inc. and Crescent Point Energy Corp.
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Lire la suite »
The war on inflation isn't over yet, despite what some people thinkBetting one’s portfolio on an outright win over rising prices in the near term could be dangerous, says Martin Pelletier. Read on.
Lire la suite »